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"He's had such a big impact on Wall Street over the past decade that desks are following this story like it's Anna Nicole Smith or O.J. Simpson in the courtroom," said Edward Bretschger, director, equity sales and trading, at Calyon Securities in New YorkREMORSE In a statement that dwelled on his remorse for "private failings," Spitzer said Lt. Gov. David Paterson will replace him next Monday, but made no specific reference to the allegations surrounding him. "I am deeply sorry that I did not live up to what was expected of me. To every New Yorker and to all those who believed in what I tried to stand for, I sincerely apologize," Spitzer said." Spitzer, who attracted wide publicity but also resentment on Wall Street with his pursuit of financial crimes while he was the state's attorney general, became governor with nearly 70 percent of the vote in November 2006 on pledges to clean up state politics. Even outside of New York, Spitzer's downfall was followed with intense interest. "Every desk stopped to listen to the story," said Warren West, head trader at Greentree Brokerage Services Inc. in Philadelphia. "He definitely lived in the media so it is very fitting that he dies there too." In the Midwest, fund managers and traders were also preoccupied with their televisions. "Everyone stopped," said Mirko Mikelic, portfolio manager at Fifth Third Asset Management in Grand Rapids, Michigan. "After months of just being hammered by all the bad news in the fixed income market, it is actually a welcome distraction." (Additional reporting by Kristina Cooke, Jennifer Ablan, Vivianne Rodrigues, Caroline Valetkevitch, Ellis Mnyandu and Justin Grant; Editing by Maureen Bavdek)
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